Bitcoin Intraday: the downside prevails as long as 57780 is resistance
Sep 5, 2024 6:47 AM
the downside prevails as long as 57780 is resistance.
Our pivot point stands at 57780.
Our preference:
the downside prevails as long as 57780 is resistance.
Alternative scenario:
above 57780, look for 58930 and 59620.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 57655 and 57359).
Supports and resistances:
59620 **
58930 *
57780 **
57330
56868 last
55360
54670 **
53990 *
53300 **
Our preference:
the downside prevails as long as 57780 is resistance.
Alternative scenario:
above 57780, look for 58930 and 59620.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 57655 and 57359).
Supports and resistances:
59620 **
58930 *
57780 **
57330
56868 last
55360
54670 **
53990 *
53300 **
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